Overview / Commentary
First Choice Federal Credit Union is headquartered in New Castle and is the 123rd largest credit union in the state of Pennsylvania. It is also the 2,432nd largest credit union in the nation. It was established in 1952 and as of June of 2019, it had grown to 9 employees and 6,522 members at 2 locations. First Choice Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work or worship in Lawrence County.
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Health
B
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8229 |
| Year Chartered | 1952 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 7.48% |
| Annual Interest Income | $753.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $45.4MM$44.8MM |
| Loans | Q2 2019vs Q2 2018 | $34.4MM$31.8MM |
| Deposits | Q2 2019vs Q2 2018 | $41.4MM$41.2MM |
| Equity Capital | Q2 2019vs Q2 2018 | $3.9MM$3.6MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $162.00K$144.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $140.00K$188.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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First Choice Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | IRA Share Account | |
| 0.20% | - | - | Christmas Club Account | |
| 0.20% | - | - | Vacation Club Account | |
| 0.10% | $100 | - | Regular Share Account | |
| 0.10% | - | - | Escrow Account | |
| 0.10% | - | - | Loan Collateral Account |
Locations
| First Choice Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2209 W State St | New Castle, PA 16101-1138 |
| Branch Office | 1144 Butler Ave | New Castle, PA 16101-4264 |